New research: Bitcoin will rise to $ 98 ' 000

[Paha87]

According to new research conducted by consulting firm Satis Group and the First Coin Offering, the cost of bitcoin (BTC) can be $98'000 US dollars in the next five years. The report, written by Sherwin Doolat and Michael Hodapp, is the fourth part of a five-part series of research covering the cryptosphere.

The report says that in terms of cryptocurrency growth trends, over the next five years BTC will reach $98'000, Monero (XMR) will reach $18'000, and Decred (DCR) will reach $535 dollars.

Bitcoin Cash (BCH) is expected to drop to $268 after "attempts to inherit brand recognition will not provide a minimum technological advantage for operators." Crypto assets that have a centralized basis, according to researchers, will be low valued, for example, the forecast for Ripple ( XRP) is 0.01 us dollar in the context of five years.

The research team predicts that the Ethereum platform will lose a significant share:

Despite the fact that we recognize the power of community network, ETH, small flaws in design and management (which, in our opinion, will lead to conflict in the upgrade of the network, in particular, to achieve consensus on the introduction of PoS), exhibit relatively low switching costs for overlying networks created on top of it (ICO and tokens).

The latest study also extends the assessment of the cryptosphere analysis needed to support the projected economy, and provides estimates of the state of the market for the next ten years.

According to the report, the value of assets needed to support the crypto-economy will increase from about $ 500 billion next year to 3.6 trillion. by 2028, and 90% of the value of cryptocurrencies will be obtained from the inflow of offshore funds in the next ten years.

The report says that the most fundamental value to support the crypto-economy comes from "options for using value storage," while analysts believe that the greatest opportunity for cryptocurrencies is to replace securities markets:

Currently, the vast majority of the total market capitalization of crypto assets is held in the traditional store of value markets, with offshore accounts for almost 40 percent of the total. The market capitalization of the crypto market, necessary to support the use of its economy, falls after adjustment, moving to a higher growth rate. As a result, the growth of the market capitalization of the crypto market is primarily associated with an increase in the volume of acceptance as a value store.

Earlier this month, a study by Sanford C. Bernstein & Co. showed that the income from cryptocurrency exchanges could double and reach $ 4 billion in 2018, while the market report for ICO for the second quarter of 2018 showed that it doubled compared to last year.

Link to information resource - https://altstake.io/news/novoe-issledovanie-bitkoin-vyrastet-do-98000